Lebanon Sees Flood of Cash After Money Supply Soars 400% in One Month

Expansion follows pound devaluation to parallel-market rates
Step takes Lebanon bit closer to unlocking IMF disbursement

Lebanese pound banknotes.
Photographer: Francesca Volpi/Bloomberg

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By Omar Tamo and Artyom Danielyan

April 3, 2024 at 2:47 PM UTC

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Crisis-ridden Lebanon, the country that investors peg as the riskiest in the world, saw its money supply multiply by more than five times in just a single month.